Connect

Connect
Opening remarks
Alumni speak
In focus at PwC
PwC news and views
Result of the selfie contest
Welcome aboard
PwC in the News
Thought leadership
publications
PwC 4
Opening
remarks
My dear friends,
It gives me great pleasure and pride in sharing
with you the most recent edition of our alumni
newsletter, Connect. As I write to you, I look
back at my time in this firm – from way back in
the 1980s when I joined as an article to today
when I am a few months in my role as COO…
it’s been a hugely enriching journey. Over these
years, I have been fortunate to have worked
with many of you, sometimes as colleagues
and at others as clients – and each of them has
been a relationship that I cherish to this date.
Staying in touch with all of you lets us stay in
touch with our past, the glorious legacy that
we take pride in, even as we march ahead in
becoming the leading professional services firm.
We continue to strengthen our foundations in
traditional services and increase our investment
in building new capabilities - Digital, Forensics,
Government and Public sector - that put us at
the forefront of industry. This is what made us
the largest professional services firm globally in
2015! However, we continue to better ourselves
Alumni Volume 10 5
as a firm… investing in technology, improving our internal processes
and external platforms and with our relentless commitment to quality
as the bedrock. Globally, we are committed to transforming ourselves to
be an organisation that is the first choice for clients and an aspirational
workplace for the most premium talent. I am confident that we are
well poised to achieve our goals and am excited to see them unfold.
I am sure that you will recollect from your days at the firm that being
at PwC entails a responsibility to the society and our people just as
much as it does to our clients. So, we stay committed to giving back
to the society and caring for our people – some initiatives you’ll read
about in this newsletter. In addition to this, the newsletter features
contributions from some of you in the alumni family – Harshita
Sabharwal, Chandan Banerjee, Ankit Nahar, Prakash
Chittaranjan and Ankit Agarwal, I thank you for your contribution.
Friends, this alumni programme gives us a great opportunity to share
with you what’s happening at the firm. It also offers us the chance
to meet you through the alumni events we host. This programme
is about you and we are privileged that you have continued to stay
engaged with the firm even as you pursue careers outside.
I am looking forward to meet you at the next series of events – the
Delhi alumni dinner is scheduled for 16 December and we will soon
be announcing the dates for the other regions. Meanwhile, do share
with us your experiences and we’ll carry them in the next edition
of the newsletter. If you have any queries, please reach out to our
alumni relations lead, Ruchi Mann at ruchi.mann@in.pwc.com.
Once again, thank you for staying Connected, we really value
this relationship.
Regards,
Satya
Alumni Volume 10 7
Alumni
speak
Looking
back
Harshita Sabharwal
articled with PW from
1992 – 1995 in the Delhi
office. Currently, she is the
Centre Head – NCR at IBM.
Harshita has 19 years of
rich experience in Finance
in multiple industries.
In conversation with our
editors, Harshita talks about
her day to day schedule and
how she balances her work
life with her personal life.
To start with, tell us
something about yourself.
I was born in Delhi and I spent
my childhood in the city. I
articled with PW back in the
90s, this was where I met my
husband Heman, who still
works with PW as a Partner. We
have two children, a daughter
aged 12 and a son aged 7.
You started your journey
at Finance PW and then
moved to finance. How
has this journey been?
PW was my first professional
experience. During my stay at
the firm, I met some extremely
knowledgeable people and
some very inspiring leaders. My
experience at the firm taught
me the value of teamwork,
which has helped me to go
about my professional life. I
believe that PW is the place
where one can learn. The
firm provides innumerable
opportunities to each and every
employee in terms of work,
PwC 12
“I met some extremely
knowledgeable people
and some very inspiring
leaders. My experience
at the firm taught me the
value of teamwork”
responsibility and ownership. It
truly is a relationship I cherish.
How do you unwind at
the end of a long day?
I love spending time with my
children – that’s a stress buster. I
also like to read extensively and as
a family, we try and take at least
one holiday every year. This really
helps us bond and come together.
How do you stay connected
with your former
colleagues and friends?
Fortunately our batch has always
stayed in touch. We are eight to
ten of us working in the same
industry and performing similar
roles, so it helps to exchange
information and take guidance
whenever required. The events
organised by the Alumni
team still make me feel that
I am a part of the firm. I get
to meet my former colleagues
and many seniors and it
brings back many memories.
Any closing words
for our readers?
I want to wish everyone at PwC the
very best – it’s been our alma mater
and is the reason why many of us
are where we are. It’s truly been
a great experience. Thank you.
Alumni Volume 10 13
 Charting
the way to
success
Amit Agarwal is the
Founder and CEO of
NoBroker.com. He worked
for eight years as a
management consultant in
the Banking and Financial
service practice at PwC. The
alumni team caught up with
him to know more about his
journey as an entrepreneur.

PwC 14

After working with some
of the top organisations
like PwC, CTS and ANZ,
what inspired you to
start your own venture?
I always had an ambition to
start something of my own.
My experience at firms like
PwC and ANZ taught me
the necessities I needed to
run my own venture. Sharp
analytical acumen, use of basic
principles to solve problems
of different industries and to
empathise with people while
running change management
initiatives are some of the
fundamentals I learnt during
my stint at PwC, which help
me in my current role.
Tell us more about
‘NoBroker.com’. How
is it different from
the other home rental
platforms in India?
NoBroker.com eliminates
brokers and directly connects
our customers with home
owners, tenants, buyers
and sellers. With 100,000
new customers joining our
platform every month, it has
grown over 20 times in the
past one year. We are the
market leaders in all four cities
where we operate - Mumbai,
Bangalore, Pune and Chennai.
Alumni Volume 10 15
Tell us about your
NoBroker journey.
When I decided to start
my own venture, I was
bootstrapping for the first
round. It was difficult as I had
to scrape through my personal
savings. Things changed
when investors recognised the
company’s potential and the
customers’ demand for our
services. After that first round
of investment, hiring people,
establishing our office and
working day and night in the
first year was exhilarating.
There is a huge amount of
satisfaction to see that our
work makes our customers
happy. On a day to day basis,
the real pleasure is working
with a set of highly talented
and passionate people. With
almost 200 members in my
team, based out of Bangalore,
NoBroker saves our customers
brokerage of approximately
15 crores per month.
PwC 16
“PwC taught me
the first principle of
analytical thinking
and the ability to lead
people with passion
and empathy.”
If there is one person
you would give the credit
for your success, who do
you think it will be?
It’s very early to call it a success,
we still have a long way to go.
But in any situation, I will give
the entire credit to my wife. Her
support in this journey has been
a blessing. Entrepreneurship is
a 24x7 job and my wife mocks
that I treat my house like a hotel
but she never complains about
it. She understands that my
work gives me satisfaction and
she gives me that space to make
myself and my family happy.
How was your experience
when you were with
PwC? Any special
incident you’d like to
share with our readers?
My experience with PwC
was fabulous. As a part
of the BFSI management
consulting team, I worked
closely with Harish Bisht,
Partner, and it was a great
learning experience. PwC
taught me the first principle
of analytical thinking and
the ability to lead people
with passion and empathy.
Do you have a message
for our readers on why
life should be more
than just work?
Life and work are perhaps
artificial boundaries. If you
enjoy the work that you
are doing, late hours will
never pinch you. Pursue
assignments which you
will love doing and pursue
working with people that
you love interacting with.

If there is a mantra to a
successful career and a
content life, what will it
be according to you?
I believe in doing what
you love doing. Surround
yourself with passionate and
intelligent people. Passion is
important as it drives each
individual and each team
when the going is tough.

Alumni Volume 10 17
 A slice of
heaven
Chandan Banerjee was
the advisor administrator
for over a year at PwC
India during 2009 and
2010. Currently he is the
Vice President – East at
SISA Group in Kolkata.
His passion is to travel
around the world and
volunteer for economically
challenged children

PwC 18
 Nestled at a height of 1500
metres, about 23 kms from
Tanakpur in Uttarakhand, is
a quaint little place named
Shyamlatal. In the midst
of the dark green forest lie
the pristine waters of Lake
Shyamlatal, which can give
any foreign tourist spot a
In an interview with run for its money. There
the Alumni Team, was however, more to this
he shares his travel than I had bargained for.
experience and its In the autumn of 2013, I was
highs and lows. travelling with my family to
Vivekananda’s Ashram in
Uttarakhand. On our way,
my car broke down near
Shyamlatal tourist lodge
and we decided to spend the
night there. The calmness
and the serenity of the place
was evident as the chirping
of the birds outnumbered the
footsteps of the humans. And
the only thing to outnumber
the chirps of the birds were
the dazzling stars. After the
tiring long drive and the
delicious hot dinner at the

Alumni Volume 10 19
PwC 20
“The beauty of that
place mesmerised
us within seconds.”

Alumni Volume 10 21
 stunning simplicity can be.
We had a full 180 degree
“The entire Ashram view of some of the most
is surrounded by majestic peaks of Kumaon
beautiful flowers. Himalayas. We were so
While discovering the captivated by the grandeur
place, we realised how of the snow clad Himalayan
stunning simplicity peaks that we barely moved.
can be.” We spent our time at the
Ashram listening to holy
music and getting lost in the
serenity and peace of the
lodge, the best way to end place, but finding ourselves in
the day was to sleep. the process – an experience
The next day was bright and which is hard to forget.
sunny. My driver fixed the
car engine and we started
our journey to the Ashram.
As soon as we entered the
Ashram, the beauty of that
place mesmerised us within
seconds. Away from the
maddening civilisation, this
place offered everything a
city dweller ever dreams
of. The entire Ashram is
surrounded by beautiful
flowers. While discovering
the place, we realised how

PwC 22
Take 20

Alumni Volume 10 23
 If not your current
profession, which
profession would
you be a part of?
If not a consultant, I would
like to be a part of a noble
profession like Medicine.
So, I’d be a doctor
If you could go back
in time, what would
you do differently?
Prakash Chittaranjan Enhance my skills in
has over 20 years of devotional music or
experience in the IT business management
industry. He was a
Your highs
principal consultant at When I was under the
PwC for e-Governance guidance of my spiritual
projects. He has a post guide Sadhguru
graduate degree in M.
Your closest one
Tech from IIT, Chennai
My wife, Nivedita
and currently resides
in Bangalore. A gadget you can’t
do without
A nice laptop
Favourite Bollywood
celebrity
Amitabh Bachchan

PwC 24
Favourite movie
Gandhi by Richard “Hasthey hasthey
Attenborough kat jaye rasthe,
One thing you never zindagi yoohi
leave home without chalthey rahey”
A smile
Favourite holiday
destination
If you could live
Char Dham – Garhwal
anywhere in the world,
mountains
where would it be?
Favourite dessert My home
Any almond based ice cream
Your favourite person
Favourite street food during your stay at
Paani puri PwC and why?
Sanjay from G&PS
A film you have seen practice was very helpful
more than five times
Sholay Your childhood idol
My grandmother
Best childhood memory
Sleeping on the rooftop Your personal anthem
watching the stars in or theme song
the sky and listening to Hastey hastey, kat jaye rasthe,
Binaca Geet Mala zindagi yuhi chalti rahe

A hobby you wish A fashion mantra

to pursue you live by
Sharing knowledge Be cool

Alumni Volume 10 25
 “Best childhood memory
Sleeping on the rooftop watching
the stars in the sky and listening
to Binaca Geet Mala”

PwC 26
A super power you
wish you had
Positivity and compassion
If you were heading
out on a road trip
right this minute,
what would you pack
Delicious food and snacks
The last time you
did something for
the first time
White river rafting at
Rishikesh. It was an
amazing experience
A habit you wish
to get rid of
Over thinking
The impact of PwC
on your life
My one year stint at PwC
was short and sweet. It was
my first time working at
a Big Four and I couldn’t
have asked for more.
My experience at PwC
PwC is a great place to learn
and add value to yourself
and to your clients. It was
my first time working in a
Big Four and I was really
looking forward to this
experience. I’ve been in the IT
industry all my professional
life, with focus largely on
technology consulting and
implementations. At PwC, I
got the opportunity to identify
and develop new skills.
PwC not only focusses on work
but also gives the opportunity
to employees to have fun and
relax. I had a great time during
my one year stint at PwC.
Would I ever like to
be a PwC’ite again?
Yes of course!
Alumni Volume 10 27
 If not your current
profession, which
profession would
you be a part of?
A journalist
If you could go back
in time, what would
you do differently?
Nothing. I feel everything
is destined to happen
the way it does
Ankit Nahar was an
assistant manager during Your highs
his four years with PwC The time I spend with
from 2011 to 2016. He my family and friends
is now working as the Your lows
finance manager in ARGA None. There is a lesson in
Investments Management, every failure and I am thankful
LP and is responsible for all the lessons learnt
for the corporate and
portfolio accounting for Your closest one
the company. Ankit is a My wife
young and passionate
chartered accountant who A gadget you can’t
strives for excellence in do without
whatever he pursues. Mobile phone
Favourite Bollywood
celebrity
Kajol

PwC 28
 Best childhood memory
The pranks and mischiefs
“There is a lesson in
played at school
every failure and I
am thankful for all A hobby you wish to pursue
the lessons learnt” To learn a musical instrument
If you could live
anywhere in the world,
where would it be?
Favourite Hollywood
My hometown, Chennai
celebrity
Scarlett Johansson Your favourite person
during your stay at
One thing you never
PwC and why?
leave home without
Jayashree P, who apart
Money
from being a great friend,
Favourite holiday coached me during my
destination formative phase in the firm
Goa
Your childhood idol
Favourite dessert Venus and Serena Williams (for
Chocolate pastry the kind of prejudices they had
to overcome)
Favourite street food
Bhel puri Your personal anthem
or theme song
A film you have Hum honge kamayab
seen more
than five times A fashion mantra you live by
None. I always prefer To be comfortable in
watching a new one instead one’s own skin
A super power you
Alumni Volume 10 29
 “Favourite dessert
Chocolate pastry”

PwC 30
wish you had My experience at PwC
To speak the truth, Post the completion of my CA
no matter what the course, I am glad that I made the
consequences are right decision and joined PwC. As
clichéd as it may sound, the extent
If you were heading of learning I have gained at the
out on a road trip firm, I don’t think I would have
right this minute, gained in any other organisation.
what would you pack I had great mentors, made good
Mobile, charger and food friends and memories which will
The last time you last for a lifetime. From the late
did something for night sittings in office to the fun
the first time games played at the annual day,
I left my job at PwC in I cherish all these memories.
January 2016 I wish PwC the best. Hope
it continues to grow and
A habit you wish
dominate the market the way
to get rid of
it has in the past few years.
Procrastination
The impact of PwC
on your life
PwC was my first job and
will always be close to my
heart. Apart from making
me a better professional,
it also made me a better
human being. At PwC,
I made many friends,
mentors and memories.

Alumni Volume 10 31
In focus
at PwC
Digital services
Reimagining business
in the digital age.

PwC 32
 We’re a community of more
than 2500 makers globally.
From designers to user-
experience, mobile to complex
strategies, we are a community
of people around the world who
work together to help create
integrated, end to end digital
solutions. From strategy and
innovation through to execution,
we help solve our clients’ most
complex business challenges.
PwC’s Digital Services are fueled
by our deep industry experience
combined with the right
acquisitions to offer incredibly
powerful end-to-end solutions.

T echnologies, trends, markets,

and economies are in a
constant state of flux, requiring
We are purpose-built to help
clients not just in facing digital
disruption, but thriving in it.
organisations to rapidly respond
and innovate. We can help Check out www.digital.
harness the potential of digital to pwc.com for more details
transform both what our clients on the digital services.
do, and how they do it. To sum Points of contact:
it up, we help clients determine North Sumeer Goyal
what success looks like, innovate South Ashootosh Chand
their business, and create new East Arnab Basu
value using our state of the art West Adhiraj Banerjee
experience centre.

Alumni Volume 10 33
News
and
views

PwC 34
 Bob Moritz takes over as Global
Chairman of PwC Network
PwC selected Bob Moritz
as its new Global Chairman
for a four year term
beginning on 1 July 2016.
Bob succeeded Dennis
Nally, the former PwC Global
Chairman, who retired this
June after a 42 year career with
PwC. Dennis served two terms
as Global Chairman during
a time of considerable growth
and expansion, including the
2014 acquisition of consulting
firm Booz & Company.
Bob was earlier the Chairman
of the US firm. During his
tenure, the US firm focussed
on increasing quality service
and enhancing its brand and
reputation by developing
and retaining key talent and
expanding its capabilities across
all areas of the business.
He joined PwC in 1985 and
became a partner in 1995. His
background is in Assurance,
primarily serving financial
services companies. During
his career he spent three years
with the Japan firm, where he
provided audit and advisory
services to numerous European
and US based financial services
organisations operating in
Japan and across Asia.
Alumni Volume 10 35
 Expanding our
footprint in Delhi NCR

PwC 36
On 18 April,
the India firm
inaugurated the
new facility in 8C,
Cybercity. Here are
a few snapshots:

Alumni Volume 10 37
 Our corporate
responsibility initiatives
PwC India Foundation
PwC in Uttarakhand collaborated with NGO
Sarthak Prayash to
provide food, shelter and
clothing to 60 children
who lost their parents or
a sole earning member
during the natural disaster
in Uttarakhand in 2013.
These kids hail from villages
spread across 10-15 kms in
the Kedar and Gewar Valley.
PwC has also appointed a
local guardian to monitor the
development of the children
and a PwC employee from
our Delhi office to visit the
location every month.

PwC 38
 Opening a new frontier for education in J&K
Education is the bedrock of
a civilised society and for us
at PwC, it is a matter of great
pride to be committed to this
cause through the PwC India
Foundation. In this direction,
the PwC India Foundation has
worked with humanitarian non-
profit organisation, Sustainable
Environment and Ecological
Development Society
(SEEDS) to inaugurate the
reconstructed Naved-e-Seher
Government Primary School
in Nowdal village in May 2016.
The school suffered heavy
damage during the 2014 floods
and had since been unable to
hold classes for its 125 students.
After 18 months of dedicated
relief work, the school’s
infrastructure now boasts five
classrooms, toilet blocks and
drinking water facilities.
The inauguration was graced by
Hon’ble Member of the Jammu
and Kashmir Legislative Council,
Yuvraj Vikramaditya Singh
in the presence of PwC India
Chairman Deepak Kapoor,
Head Master of Naved-e-
Seher Government Primary
School Mohammad Ayub,
District Magistrate Niraj
Kumar and Commandant
– CRPF (Tral) P.C.Gupta.
Alumni Volume 10 39
 Making sanitation a right for children in Ajmer
In April 2016, Satyavati
Berera, Chief Operating
Officer, PwC India, inaugurated
the sanitation facilities in
Government Girls Senior
Secondary School, Foysagar
and Savitri School in Ajmer.
PwC India Foundation’s
Water Sanitation and Health
programme initiative (WASH)
has installed more than
60 toilets and seven hand
wash units across six girls
schools which impacted over
4500 students in phase I.
This project brings together
three out of the five fundamental
areas in which the Foundation
PwC 40
is committed to working –
education, environmental
sustainability and Water
Sanitation and Hygiene (WASH).
Jaivir Singh, Vice Chairman,
PwC India foundation and
his team organised a ten day
volunteering programme to
sensitise students and teachers
about safe hygiene practices in
their daily lives as well as how
to upkeep these facilities.
 PwC visit schools in Latur

PwC India Foundation

partnered with Seva Sahayog
Foundation and Rashtriya
Dnyan Vikas Mandal,
Udgir and organised various
initiatives to promote education
for children in the Latur
district on 2 July 2016.
23 PwCites traveled to Latur
over the weekend and visited two
schools, Sardar Vallabhbhai
Patel School and Janakalyan
Niwasi Vidyalay. Our team
distributed over 400 school
kits to the economically
marginalised children, interacted
with the students and their
families and discussed the
importance of education, career
guidance, e-commerce, sports,
aptitude, values and social
entrepreneurship. PwC also
donated goodies like coffee
mugs, quilt games, key chains
and various other items to
the children of each school.

Alumni Volume 10 41
 PwC India Foundation awarded at the
sixth Asia Best CSR Practices Award

On 5 August, the PwC India

Foundation (PwCIF) was
awarded at the sixth Asia
Best CSR Practices Awards,
2016 in Singapore. PwCIF was
recognised for the integrated
and sustained response in
the regions of Uttarakhand,
Jammu and Kashmir and
Nepal since 2013. Charlotte
Hsu, Partner, PwC Singapore
collected the award.
Congratulations to the
Corporate Responsibility team
– Jaivir Singh, Tushita
Mukherjee, Neetika Goyal
and Chelsea Saldanha, the
Foundation’s Trustees and
the regional CR coordinators
on this well deserved win!

PwC 42
 PwC NextGen Symposium
in Hyderabad
PwC hosted the second
edition of the NextGen
Symposium on 4 May. 35
young leaders from various
industries attended the
event at the Trident Hotel,
Hyderabad. The event saw
Shobana Kamineni,
Executive Vice Chairperson,
Apollo Hospitals Enterprise
Ltd., encourage budding
entrepreneurs to earn respect
either by working outside the
family business or by starting
something of their own.
Pradeep Mittal, Chairman
of Hyderabad Angels,
demonstrated how startups
can be used to validate a new
idea, technology or way of
doing business.

Alumni Volume 10 43
 PwC Strategy&
CEO Summit 2016
In its fifth year of organising
the CEO Summit, this time co- Deepak Kapoor,
branded with Strategy&, PwC Chairman, PwC India,
released the India findings from
quoted, “The expectations of
their 19th Annual Global CEO
Survey - ‘Redefining business the key stakeholders – the
purpose in a changing world’. consumers, the investors
This year the event witnessed and the workforce – are
the highest ever participation changing. While they
at the summit, with over 270 continue to desire immediate
business leaders joining across transactional benefits, they
the three locations - Mumbai,
are also expecting companies
Delhi NCR and Bengaluru.
to meet wider social needs”.
Our keynote speakers for
this year were Uday Kotak,
Executive Vice Chairman and
MD, Kotak Mahindra Bank
in Mumbai; R C Bhargava,
Chairman, Maruti Suzuki
India along with Ramesh
Abhishek, Secretary DIPP
(Chief Guest) in Delhi NCR; and
Kiran Mazumdar-Shaw,
Chairperson and Managing
Director, Biocon in Bengaluru.
PwC 44
Our guest panelists across the three cities were:
Mumbai: K K
Maheshwari, MD,
Ultratech Cement,
Pirojsha Godrej,
MD and CEO, Godrej
Properties, Ranjit
Shahani, Vice Chairman
and MD, Novartis India
and Sanjay Nayar,
CEO, KKR India

Delhi NCR: Nalini

Gupta, Country
Manager (India),
Burberry, Rajeev
Anand, Vice Chairman
and MD, Goodyear
India and Venkatesh
Kini, President, India
and South West Asia,
The Coca-Cola Co.

Bengaluru: Abhinay
Choudhari, Co-
Founder, Bigbasket.
com, Kamal Bali,
MD, Volvo India and
Rostow Ravanan,
CEO and MD, Mindtree.

Alumni Volume 10 45
 PwC’s knowledge
partnership with NAREDCO
PwC was the Knowledge Partner at
the seminar organised by National
Real Estate and Development
Council (NAREDCO) in Mumbai.
The event saw participation from
over 500 developers, lawyers,
contractors, IPCs and the ministry.
From PwC, Anish Sanghvi,
Partner, Tax, made the opening
presentation on the provisions
in the Budget 2016 from the
real estate sector, and its impact
on developers and consumers.
He then participated in a panel
PwC 46
discussion ‘Budget 2016 and
Pradhan Mantri Awas Yojana
- Implications and Challenges’,
with an esteemed panel
consisting of Anil Harish,
DM, Harish & Co; Rahur
Nahar, CMD, XRBIA; Ashish
Shah, COO, Radius Group;
Rajesh Krishnan, Managing
Director and CEO, Brick
Eagle Group; Amit Goenka,
Managing Director and CEO,
Nisus Finance and Gulam
Zia, ED, Knight Frank India.
The event saw participation
from over 500 developers,
lawyers, contractors,
IPCs and the ministry.

Shashank Jain, Partner,

Deals, presented his views
in a panel discussion on ‘The
Real Estate (Regulation and
Development) Bill’ hosted by
Faye D’Souza, Senior Editor,
Magic Bricks NOW. The other
panel members were Dr D
Bhalla, Secretary, Loksahbha,
Govt of India; Anil Harish,
DM, Harish & Co; Kishore
Bhatija, MD, K Raheja
Corp; Parimal K Shroff,
Parimal K. Shroff & Co and
Niranjan Hiranandani,
CMD, Hiranandani Group.

Alumni Volume 10 47
Contest

What our winners

have to say...
PwC recently launched a ‘Selfie with
PwC colours’ contest for its alumni. We
asked them to click selfies using PwC
colours and received numerous entries
which were vibrant and creative.
It gives us immense pleasure to
announce the winners of the contest:

Amit Singhal worked in the

This selfie is with my family
wearing PwC colours
direct tax team for over nine years.
He was the Associate Director and
operated from the Gurgaon office.
“I cherish the time I spent with
PwC. During my stint in the firm,
I interacted with many experts
who gave me the opportunity to
learn new things and become a
thorough professional. I really
enjoyed the offsites and I am a little
emotional to miss it this year.”

PwC 48
Kartik Gaggar worked as an
article assistant with PwC from
2008 – 2011 in the Mumbai office.
“Every time I land at Mumbai T2,
am just awed by its architectural
marvel. This selfie tries to capture
some of that grandeur. As an
article assistant, PwC gave me the
opportunity to travel to so many
places for work. This experience
enriched me not only professionally
but personally as well. The colours in
the background remind me of PwC.”
Sanghamitra Sur worked as
a functional consultant from
2009 – 2013. She is now working
as the Peoplesoft Consultant
at Hitachi Consulting.
“Intense, dazzling, strong, freedom,
are few of the expressions which
come to my mind when I think
of PwC. The firm has been one of
the most important experience of
my career. I have made mistakes,
learnt business tactics, shared and
collaborated with my colleagues
and came out as a winner. PwC
made me grew as an individual.
Best four years of my career.”

Alumni Volume 10 49
Welcome
aboard

PwC 50
 Partner joinings and admissions
Deepak joined the Mumbai firm after his 32 year
stint in the World Bank. He has over 30 years of
global professional experience in evaluation, design
and implementation of country and sector-wide
e-Government programs and smart city projects. He
will be a part of the Government Public Sector team.
He has worked in multiple territories across Asia,
Deepak Bhatia
Africa, Europe and Middle East on a wide range of
Partner, Advisory
Consulting technical assistance assignments for smart cities,
e-Government strategy and programme design.

Deepak has over 21 years of experience in

partnering with large Indian and multinational
corporations in their business transformation
initiatives across strategy development, operational
excellence and process reengineering, organisational
effectiveness, change management and talent
management strategies. Deepak will be responsible
Deepak Malkani for Management Consulting practice in Asia-Pacific.
Partner, Advisory He received his Bachelor degree in engineering
Consulting
from University of Mumbai and a Post graduate
diploma in Management from IIM Calcutta.

Alumni Volume 10 51
 Jay has joined PwC Mumbai and has over 15
years of experience in Private Equity space. He
started his career with RSM Co in 2001, and
post the merger worked with PwC for three
years. Thereafter, Jay moved to KPMG and
became a Tax Partner in 2014. Jay has worked
on high profile Private Equity deals on tax
Jay Mehta and regulatory structuring, developed entry
Partner, Tax strategy and fund structuring, involving set
up of offshore and onshore fund structures,
from tax and regulatory perspective.
Jay holds a Master’s degree in Commerce from
K J Somaiya College, University of Mumbai,
a post graduate Diploma in securities law
from Government Law College, University of
Mumbai, and is also a chartered accountant.

Joydeep has taken up the role of x-LoS Leader

of Insurance and Allied Businesses vertical
in PwC Mumbai. Joydeep brings with him
over 25 years of experience in the Insurance
sector. He has been involved in operations of
insurance business, including marketing and
communications aspects, and has significant
Joydeep experience in corporate insurance area. He holds
Kumar Roy
Partner, Advisory a B.E degree in Mechanical Engineering from
Jadavpur University and a post graduate Diploma
in Management and Marketing from IIM Calcutta.

PwC 52
 Sankalpa leads the Deals Strategy practice. He
joined the firm in April 2016, and has 14 years
of industry and strategy consulting experience
with firms such as Accenture Strategy, KPMG
Deal Strategy and IBM Strategy Change. He
has advised a large number of private equity
funds, domestic and multinational clients
Sankalpa in areas such as commercial due diligence,
Bhattacharjya market entry strategy, growth strategy,
Partner, Deals business plan creation and feasibility studies.
Sankalpa has deep experience in industries
such as transportation and logistics, chemicals,
packaging and automotive. He is an engineer
from BITS Pilani and an MBA from FMS Delhi.

Pratik brings with him over 15 years of experience

in advising clients in Indirect Tax practice and will
take up the role of Indirect Tax leader. He is also
actively engaged in Tax advocacy and he frequeslty
interacts with Indian Tax regulators and plays
an active role in formulation of the GST policy.
He is a commerce graduate from Patna
Pratik Jain University and is also a Chartered
Partner, Tax
Accountant. Pratik has two children and is
a voracious reader and an active blogger.

Alumni Volume 10 53
 Tushar brings 21 years of experience in financial
services. He specialises in entry strategy and fund
structuring of global, institutional and startup funds
from tax and regulatory perspective and has been
heavily involved in several high profile PE deals
on tax and regulatory structuring, including deal
structuring involving M&A ideas. Tushar started his
Tushar Sachade career with RSM Co, and post the merger he worked
Partner, Tax with PwC as a Partner for three years. Thereafter,
Tushar moved to KPMG and worked there for the
past six years as a x-LoS Co-head of PE practice.

Kuntal has over 20 years of professional

experience. He has advised a number of financial
institutions and corporates globally in diverse
projects covering financial risk management,
risk strategy, risk analytics and business plan
formulations. Kuntal is a regular contributor of
thought leadership articles for leading dailies
Kuntal Sur and has had a wide coverage on CNBC. He is
Partner, Advisory
also a sought after speaker in different Risk
Management forums. Kuntal received his
Bachelor of Science degree in Economics from
Calcutta University and a Master of Arts degree
in Economics from Delhi School of Economics.

PwC 54
 Siddharth has over 14 years of experience
in advising clients spanning across industries
in areas on Value Added Tax, Service tax,
Excise tax, Customs and GST. He also has a
strong background in IT, including software
programming and allied concepts.
Siddharth is a B.Com graduate from University
Siddharth Mehta
Partner, Indirect Tax
of Rajasthan and is also a certified Chartered
Accountant. He is also a connoisseur of good
music and enjoys cinema from across the globe.

Akhil is presently a part of the Capital Markets

and Accounting Advisory Services (CMAAS)
team managing IndAS conversion engagements
of certain large listed/unlisted clients of the
Hyderabad, Bangalore and Chennai offices.
Akhil has contributed to various publications
like the IFRS Manual of Accounts, monthly
Akhil Kapadia
Partner, Assurance
technical updates etc. He also speaks on
matters of professional interest at seminars
organised by various professional bodies.

Alumni Volume 10 55
 Amit is specialised in telecoms and has led large
Indian and International telecom clients. He
has experience in working on multiple GAAPs
including IFRS and US GAAP and has worked on
various engagements including audits, business
advisory, regulatory advisory, internal controls,
Ind AS implementation and accounting advisory.
Amit Peswani,
Amit is a graduate in commerce from
Partner, Assurance
Bhagat Singh College, Delhi University and a
Chartered Accountant registered with ICAI.

Arun focuses on performing statutory audit of

clients and providing Ind AS implementation
advisory support to audit and non-audit clients.
He has been involved in audit of various
listed, large private Indian and multinational
companies both under Indian and International
GAAP/GAAS. His experience in audit of clients
Arun Kumar span across sectors with extensive exposure
Rajagopalan
Partner, Assurance
to clients in technology, consumer, industrial
products and infrastructure sectors.
Arun is a Chartered Accountant from
Institute of Chartered Accountants of India.
He also qualified from the Institute of
Internal Auditors, USA as a Certified Internal
Auditor and as a fellow from Association of
Chartered Certified Accountants, UK.

PwC 56
 Arun has experience in Indian GAAP, IFRS and
PCAOB reporting and have successfully managed
large engagement teams on complex and high
profile clients including those that were involved
in listing in India and overseas. He is a regular
instructor in internal training programmes of the
firm and a member of the Assurance methodology
Arun Ramdas consulting team for internal financial controls.
Partner, Assurance
Arun holds B.Com degree from R.A. Podar College
and is also a Chartered Accountant (ICAI).

Ashish is part of Capital Markets and Accounting

Advisory Services (CMAAS) practice and is based
in Gurgaon. Ashish specialises in Ind AS, IFRS
and US GAAP. Presently, he is managing various
assignments for conversion from Indian GAAP to
Ind AS and other accounting advisory services in
the North and East region. He has advised clients
Ashish Taksali
Partner, Assurance
on many complex issues in Ind AS and IFRS,
advised clients on listing in the overseas market,
advised clients regarding filings with SEC and
conducted various training sessions for the client.
Ashish completed his Bachelor of Commerce
from SRCC, Delhi. He is a Chartered Accountant,
CPA (USA) and Graduate Cost Accountant.

Alumni Volume 10 57
 Ashootosh works in Technology Consulting as a
part of the Digital Practice. He has over 20 years
of work experience in the technology industry
and management expertise in the Digital space,
having worked for some of the Market leaders such
as Yahoo, Qualcomm and Ricoh Innovations.
Ashootosh holds a B.E. degree in Electronics from
Ashootosh
the University of Mumbai, a Post Graduate Diploma
Chand
Partner, Advisory in International Management from FORE School
of Management, New Delhi and a Diploma in
Management from the Brussels Business School.

Deepak currently leads Oil and Gas sub-SBU

in GRID Advisory SBU. He is also Oil and
Gas Industry Practice Leader for India in our
markets and industries initiative. Deepak started
his professional career after his Mechanical
Engineering graduation in 1988 with the armed
forces (Indian Navy) as an Engineer Officer
Deepak During his 28 years of professional
Mahurkar career, Deepak gained diverse consulting,
Partner, Advisory
technical, marketing, commercial and sales
experience in the petroleum, distributed
power generation and marine industries.

PwC 58
 Koushik has been with PwC for over 11 years and
leads PwC Corporate finance initiatives in South
India. He has worked across corporate finance
advisory offerings including Corporate Mergers and
Acquisitions, Joint ventures / Strategic alliances,
Restructurings, Private Equity Funding across
domestic and cross border transactions across
Koushik J
sectors notably in the automotive, industrial
Partner, Finance
products and services and logistics sectors.
Koushik is a member of the Institute of
Chartered Accountants of India (ACA) and
has a Bachelor’s degree in Commerce.

Kunal has developed expertise in advising

clients on indirect tax matters and has built his
reputation in transaction structuring and business
operations, specifically focused on the IT sector.
Kunal has extensive experience in advising
clients on the indirect tax implications and risks
Kunal Wadhwa
involved in the establishment of manufacturing,
Partner, Indirect distribution networks and services operations.
Tax He is a qualified Chartered Accountant and a
Commerce graduate from the Bangalore University.

Alumni Volume 10 59
 Manu is the regional lead for Cyber Security and
is responsible for the firm’s Cyber service in the
region. He is anchoring the X-LoS Director role for
one of the Advisory Priority Account. He is also
responsible for developing Australia - India firm
engagement in the cyber space. In his 15 years of
experience, he has focused on information security
Manu Dwivedi and operations consulting for both private and
Partner, Cyber public sector clients in America, APAC region,
Security
Australia, Canada, Europe, India and Japan.
Manu is an Engineer from Punjab
Technical University and holds a Master’s
in Business Administration from Indian
Institute of Technology (IIT), Delhi.

Neeraj joined the firm as an article in

2000 and has been in Assurance since then.
Neeraj’s professional experience includes
providing assurance services to public and
privately held companies, both domestic and
multinationals, across industry segments like
FMCG, Consumer Durables, Oil and Gas and
Neeraj Lal manufacturing and service clients. Neeraj
Partner,
Assurance
also worked on a short term secondment for
PwC Birmingham during 2004-2005.
He has a Bachelor of Commerce (Hons) degree
from Shri Ram College of Commerce, Delhi
University and is also a member of the ICAI.

PwC 60
 Nitin’s primary role involves advising companies
on complex US GAAP, IFRS, Ind AS and Indian
GAAP accounting issues and GAAP conversion
projects and assisting clients in accessing capital
markets. He has been involved in providing
advice to some of the biggest technology, telecom,
automotive, and manufacturing companies in
Nitin Khullar
India on numerous accounting issues in relation
Partner, Advisory
to regulatory compliance, preparing for overseas
listing, ongoing SEC filings, in-bound and out-
bound acquisitions, tax structuring etc.
Nitin is a member of the Institute of Chartered
Accountants of India and has also cleared the United
States Certified Public Accountant Examination
from the Colorado State Board of Accountancy, USA.

Rashmi has over 12 years of strategy consulting

experience advising senior client executives on
organic and inorganic growth, India market
entry (go to market, opportunity assessment),
diversification/portfolio review and commercial
diligence on transactions. She has led over 100
engagements involving investment commitments
P Rashmi
of more than USD 4 B in retail, consumer
Upadhya
Partner, Consulting products, auto and diversified industrials.
She holds an MBA from the Indian Institute
of Management, Ahmedabad and a Bachelor’s
Degree in Engineering from Bangalore University.
Alumni Volume 10 61
 Pavan currently is focusing on clients across industries
which involves tax and transfer pricing litigation
advising clients on entry strategies, pricing policies
and internal restructuring. He has over 11 years of
consulting experience, and specialise in international
taxation including transfer pricing and exchange
control regulations. He has significant experience
Pavan Kakade in handling tax and transfer pricing litigation
Partner, Direct Tax and advising clients on entry strategies, internal
restructuring, acquisitions and due diligence. He has
handled clients across industries, including specialising
in Media, Entertainment, Trading and Ecommerce.
He is a Commerce Graduate from the University
of Mumbai and is also a Chartered Accountant.

Shomik leads the SAP support solution practice

nationally and is the Programme Manager for
one of PwC India’s largest accounts in Technology
Consulting. Shomik has been working with the
firm for more than 12 years and has an overall
experience of about 15 years in consulting.
In addition to this he has an Advance Computing
Shomik
Dasgupta
Diploma from C-DAC and has completed an
Partner, Advisory Executive Management programme from IIM-A.

PwC 62
 Sundar joined the firm in 2013 and is an integral
part of the incubation and growth story of the Cyber
practice. He has been an Information Security
professional from the start of his career and has
more than 12 years in advising and assisting
clients in their Cyber programme. His areas of
work include Cyber strategy, Security product
Sundareshwar
implementation, Security testing, data privacy and
Krishnamurthy
Partner, Advisory managed security services. He holds a Bachelors
in Engineering from Bangalore University.

Sushmita joined PwC in 1999. She has more

than 20 years of professional experience in
providing advisory and litigation support to both
domestic and foreign clients in matters relating
to corporate and international taxation. She
appears regularly before the Appellate Tribunals
and provides litigation support to various Indian
Sushmita Basu
and multinational clients. Sushmita also leads the
Partner, Tax and
Regulatory Services Bangladesh Tax Regulatory practice of PwC.
She received her Bachelor degree in Commerce
from University of Calcutta and qualified as
a Chartered Accountant from the Institute
of Chartered Accountants of India.

Alumni Volume 10 63
 Prasanna brings with him 16 years of audit
experience. He started his career with PwC in
Bangalore in 1999 and has continued his journey
in the Firm. He has audit experience with a diverse
industry portfolio including manufacturing,
retail and consumer, technology, service sector
and shared service centre audits. Over the years
PM Prasanna Prasanna has extensively worked with some of the
Partner, Assurance high profile retail and consumer sector clients in
Bangalore, which has given him great exposure
and opportunity. Prasanna strongly believes in
our values and has worked towards providing
PwC experience to our clients and people.
Prasanna is a commerce graduate from Bangalore
University and is also a Chartered Accountant.

Manish has around 12 years of experience

in handling Transfer Pricing matters in India.
Manish has been advising clients on innovative
TP opportunities and strategies, combining
industry insight with technical skills to provide
holistic solutions from a commercial, tax
and TP perspective. His experience includes
Manish Sabharwal strategising and implementing supply chain
Partner, Transfer structures to optimise global effective tax rates,
Pricing
inbound outbound planning assignments, IP
migration, profit attribution to permanent
establishments and developing local and
global compliance documentation.
PwC 64
 Executive Director joinings
Asim Parashar will work within the Financial
Services vertical of the Advisory Line of Service.
He brings with him over 18 years of professional
experience, having worked with Cognizant
Technology Solutions, Tata Consultancy Services
as well as other leading Indian industrial
groups. Asim is passionate about teaching and
Asim Parashar
interacting with young minds, he takes classes
Executive Director,
Technology as a guest lecturer at IIM Ranchi, NMIMS, and
Consulting School of Management at PDPU University.

Himansu Mohanty will have a pan India

role with respect to regulatory practice in the
areas of payments, banking, exchange control
etc. Himansu has over 30 years of professional
experience, with most of his career spent
at RBI. He is passionate about teaching. He
is also a visiting scholar at the University
Himansu Mohanty of California, Riverside, specialisation in
Executive Director, Microeconomic Theory of Finance, Theory of
TRS
Banking, Theory of firm, Theory of Incentives
and Mechanism Design, Decision Theory.

Alumni Volume 10 65
PwC in the News

PwC 66
Deepak Kapoor, Chairman, PwC India, was a jury member at the Yes Bank
CFO Awards. The event was well publicised in Business World
(http://businessworld.in/article/Best-CFO-Awards-2015-16-Best-Of-The-Best/07-04-2016-95459/)

Alumni Volume 10 67
 Five ways to recover from a poor first impression | ET Auto Page 1 of 5

 NEWSHome
ET SITES News Features IndustrySpeak International Sign in/Sign
Careers Data &up
Analytics
  

Jobs ETAutoTV

Passenger Vehicle Commercial Vehicle Two Wheelers Components PVSPECIAL2016

Industry Aftermarket Policy
Check out the complete look of all
Auto Retail Forum More new Hyundai Elantra here
SLIDESHOW

#Industry » #human resource #first impression

Five ways to recover from a poor

first impression
Remember that initial meeting with the new boss that went horribly wrong when you
cracked a joke that he didn't take too well?
Sreeradha D Basu | Jun 07, 2016, 08.18 AM IST

  A A  Newsletter
Share 2 Share 0 Share 41 Tweet 3

Remember
that initial
meeting
with the
new boss
that went
horribly
wrong
when you
cracked a joke that he didn't take too well? We all know that Most Read in Industry
first impressions matter, but things do go wrong sometimes.
This Week This Month
Luckily, difficult as it is to get past an initial bad impression,
it's not undoable. Sreeradha D Basu speaks to experts to
Satyavati Berera, Chief Operating find out how to turn things around. Maruti Suzuki’s
RS Kalsi
1 Apologise
Officer, PwC India, featured in
explains key
strategies to
stay ahead
If it's your mistake, own up and apologise."Acknowledge
Business World’s Women Special your mistakes and make amends. But don't over-apologise,"
2 days ago

said Jagjit Singh, chief people officer at PwC India. "Often it TVS Motors'
edition and Verve’s Power list of 30 is not the transgression but lack of contrition which causes
Venu Srinivasan
joins Tata Sons
greater lingering bitterness or hard feelings," he said. management
Women Achievers board
5 days ago
2 Be honest
What Indian car
buyers prefer
http://businessworld.in/article/Profile-Planning-for- Aneesh Passi, co-founder of talent advisory firm Basil
Success/30-04-2016-97502/

http://auto.economictimes.indiatimes.com/news/industry/five-ways-to-recover-from-a... 31/08/2016

Chief People Officer, PwC India,

Jagjit Singh’s, snippet on how to
recover from a poor first impression
was published in Economic Times
http://auto.economictimes.indiatimes.com/news/industry/five-
ways-to-recover-from-a-poor-first-impression/52629792

PwC 68
 Times of India The Economic Times More Sign In / Sign Up FOLLOW ET:

Policy
News Defence Company Industry Economy Politics and Nation International Printer Reinvented by HP India Unlimited More

nance Foreign Trade Indicators Infrastructure Policy

T Home › News › Economy › Policy Search for News, Stock Quotes & NAV's

G LIVE
±l£lÕŃÕ ĪĬ¾ 50 ěUÇ (<2ľ<ŃÕ) (₹/10 ’eÎ… [hŤ ģ/§e\Ħs… CREATE ಈ-ഔ CHOOSE
LANGUAGE
PORTFOLIO ෥ฆఒങౣ ఔయ అභ
ATS 28,511 168.73 8,814 69.95 30,806.00 -15.00 66.98 -0.05
ఄඝ౬ ഼ඨสైി KAN
෥ല

Government to launch platform to track

hare Ishaan Mukherjee and 3.6M others like
this.
how subsidies have been beneficial at
family level
By Neha Alawadhi & Aman Sharma, ET Bureau | Jun 08, 2016, 02.48 AM IST Post a Comment

READ MORE ON » tamil nadu | subsidies | Narendra Modi | Madhya Pradesh | Digital India | Andhra Pradesh

NEW DELHI: What Aadhaar is to an

individual, Sarvam will be to a family. The
IGHT Narendra Modi government is gearing up to
launch a national platform to track how
subsidies have been beneficial at the family After 17 months, WPI inflation turns positive at 0.34% on potato, sugar price surge | B... Page 1 of 2
level and give each one a Sarvam number.

The Cabinet Secretariat and the

uture plans to be
sed at RIL's AGM
ow
aware of the company plans said
nce wants to make Lyf among the
smartphone brands in India.
ect: Data charges slashed, here's a ◾
rison for the best deal
ee offers in trial phase may hit data ◾
of others
Department of Electronics & Information
Technology have collaborated on the After 17 months, WPI inflation turns positive at 0.34% on potato, sugar price surge
project, which two senior government The plan is to roll out the Sarvam platform for the Union K R Srivats
Territories on a test basis by September and expand it to eight
officials described as a futuristic step
states by November.
forward in Digital India that could help the
government determine if the gamut of
welfare schemes
subsidies have of Modi the life of a family as a unit.
improved
"Sarvam is envisaged as a universal database, cross-linked with all government subsidy
Aadhaar, an exercise aimed at ensuring
schemes, Aadhaar and bank accounts for Direct Benefit Transfer (DBT) on one platform
for better tracking of benefits availed at a family level.
From an outcome perspective, the government
would like to know that if a family avails five Inflation turned positive on rise in vegetables and pulses prices. File Photo
subsidies, whether it's sufficient or its income
level has increased," a senior official said. SK Ghosh, Chief Economic Advisor, SBI

Rate cut by RBI unlikely at next policy review

The official added that the platform will help
increase savings under DBT, under which cash
is transferred to the bank accounts of
beneficiaries, and further plug leakages. The
officials spoke to ET on condition of anonymity.
Most Most
The prime minister has been stressing on Rs
Shared Commented 36,500-crore savings so far due to DBT.
bani may disclose Jio's future plans at
dustries' AGM on September 1 ROLLOUT PLAN The plan is to roll out the
New Delhi, May 16:
After remaining in the negative zone for 17 consecutive months, the Wholesale Price Index (WPI)-based inflation
moved to positive territory at 0.34 per cent in April. WPI-based inflation had come in at (-) 0.85 per cent in March
2016 and (-) 2.43 per cent in April last year.
This has prompted several economists and economy watchers to virtually rule out any monetary easing by the RBI in
the upcoming June review, especially after the retail inflation had recorded a higher-than-expected print last week.
The WPI turnaround was broad-based with positive inflation in vegetables at 2.21 per cent in April as compared to (-)
2.26 per cent in March.
While manufactured products – which account for 65 per cent of the WPI index – inched up to 0.71 per cent in April
(-0.13 per cent in March), fuel inflation stood at (-)4.8 per cent per cent in April compared to -8.3 per cent in March).
April 2016 WPI inflation could be easily dubbed as “potaflation & sugflation” as potato and sugar prices both exhibited
huge increase, said Soumya Kanti Ghosh, Chief Economic Advisor to SBI Group.

effect: Data charges slashed, here's a
for the best deal
ch here in boats, John Kerry asks IIT-
nts
for babus! Government announces two
s for central govt employees
shor is absent for long, remove him:
Sarvam platform for the Union Territories on a
test basis by September and expand it to eight
states by November.
"States such as Rajasthan, Madhya Pradesh, Karnataka, Andhra Pradesh and Tamil
Nadu have attempted to create such a family database. What they lack is...a more
The worrying aspect is that past trends suggest whenever potato prices show an increase, they have remained sticky for
a considerable period of time, Ghosh said in a research note.
“If this is the case, then we are in tough times. Earlier also, potato prices have shown similar trends and interestingly in
2012 during the same period, prices increased and the high prices persisted for 12 months,” he said.
“This time also we expect that the potato prices will increase further and may take at least six months to come back to
original/normal levels. The rise in prices of sugar is worrying, though it was not entirely unexpected”.
×

More »
Neel Ratan, Leader, G&PS, shared
universal model where, if a person moves from Rajasthan to Delhi, it can operate and
different systems speak to each other," an official added. In April 2016, wholesale sugar prices had surged 16.07 per cent, higher than (-) 8.76 per cent in same month last year.

his inputs in Economic Times for a On the other hand, potato prices recorded 35.45 per cent increase in April, higher than (-) 41.05 per cent contraction
witnessed in same month last year.
be Missed The existing records of the Socio-Economic Caste Census and the National Population
Ranen Banerjee, Leader, Public
Pulses remain high

story on PwC’s Project Sarvam, a

An IAS officer got a call from
PM Narendra Modi at 10 PM
and this is what happened next
Register will be used to create the Sarvam family database. "Sarvam is being envisaged
Finance and Economic, gave
Pulses – whose prices have remained untamed in the two-years of Modi government – saw 36.36 per cent increase in
to be prices in April 2016, higher than 15.47 per cent increase in same month last year.
government platform to track how Ranen Banerjee, Leader Public Finance and Economics, PwC India, said that higher food prices are a cause of concern

inputs on the Wholesale Price

even as overall wholesale price inflation scenario is still quite benign.
implemented as a social security platform, which will significantly enhance the quality of
subsidies benefits families
Srivats.kr@thehindu.co.in

Index and Index of Industrial

(This article was published on May 16, 2016)

http://economictimes.indiatimes.com/news/economy/policy/ Production which was covered in

http://www.thehindubusinessline.com/economy/wholesale-inflation-turns-positive-03... 31/08/2016
government-to-launch-platform-to-track-how-subsidies-have-been-
omictimes.indiatimes.com/news/economy/policy/government-to-launch-pla... 31/08/2016
beneficial-at-family-level/articleshow/52645713.cms Mint, The Hindu Business Line,
DNA and Financial Chronicle
http://www.thehindubusinessline.com/economy/wholesale-
inflation-turns-positive-034-in-april/article8606705.ece

Alumni Volume 10 69
 Swachh Bharat: What India's missing toilets are costing the nation - The Financial Ex... Page 1 of 8

Chicago lawmaker proposes cracking down on 'Pokemon Go' sites
Home / Industry / Jobs
Swachh Bharat: What India’s missing toilets are
costing the nation
By: Jaivir Singh | Updated: May 16, 2016 10:57 AM
6 3 G+ 0
The question of sanitation in India is a complex one as it affects a number of
social indicators such as nutrition, especially among children, food security,
disease reduction and poverty in complex, interconnected ways. The fact that
India contributes 60% to the world’s open defection is a statistic that requires
our attention as a society, urgently.
Despite growing recognition of lack of sanitation and safe drinking water as
two main movers in improving social indicators of a large percentage of the
populace, the pace of change appears to be very slow. According to World
Bank estimates, India’s sanitation deficit leads to losses worth roughly 6% of
GDP. The main cause has been of largely ignoring public health as an area of
focus for decades. While medical services have jumped by leaps and bounds,
sanitation has skipped being on the radar.
Take the case of undernourished children. Diseases stemming from poor
sanitation are being identified as a major cause of nutritional loss in
children. And levels of malnourishment in India continue to be worse than in
sub-Saharan countries.
In short, sanitation is one of the causes of poor health in children, claims a
recent report titled ‘Forgotten voices: The world of urban children in India’
jointly presented by PwC India and Save the Children India. Half a million
children under the age of 5 die due to diarrhoea, caused by poor water
quality. Children also suffer from typhoid, cholera and malaria for lack of
sanitation services. As UNICEF points out, India is home to 638 million people
Go to Top
http://www.financialexpress.com/industry/jobs/what-indias-missing-toilets-are-costin... 31/08/2016
Jaivir Singh, Chairman, PwC
Foundation, wrote an article on
Sanitation in Financial Express
http://www.financialexpress.com/article/industry/jobs/what-
indias-missing-toilets-are-costingthe-nation/255991/
PwC 70
The road to data-driven governance | Business Line Page 1 of 2
Talking Point
The road to data-driven governance
NEEL RATAN
Governments can use analytics to find the pain points of citizens and respond
With the rise in social awareness and increase in number of tech savvy citizens, governments are also changing their
governance style. They are adopting data mining techniques for pre-emptively responding to pain points of citizens and
steering strategies.
In the recent past, there have been several instances of people receiving instant assistance from government authorities
after they posted tweets for help. Data science played a critical role in digging out the plea of citizens from amidst
numerous posts on social media, prompting government authorities to take note and respond.
Participative governance
Data science can significantly transform the governance landscape and help the government steer its mission mode
programmes such as Digital India and Swachh Bharat. It can also enhance operational efficiencies, measure risk,
formulate new policies, make faster decisions and do much more.
A combination of techniques such as text analytics, contextual analysis and sentiment scoring could be performed on
the data sourced from government departments as well as from solicited (MyGov — a participative governance forum)
and unsolicited feedback channels (social media and blogs).
These techniques can help monitor the performance of key programmes and take corrective measures based on the
outcome of analysis. In fact, intelligent data from analytics could help revive strategies, kick-start new discussions or
seed the formulation of new policies or programmes.
Take the case of MyGov. It is curating the inputs and suggestions received to gauge the pulse of citizens and extract
actionable insights for influencing the government. The portal’s performance is also optimised by tracking user
impressions and response patterns; content and outreach strategies are based on factors such as user demographics,
visitors’ behaviour, bounce rate and digital footprint.
Harvesting data
The Centre can fully reap the benefits of analytics by putting the colossal citizen data lying in its repository to optimum
use. Currently, different government departments are operating with their databanks in silos. These databanks of
people’s information — Aadhaar, Election Commission, Census, National Population Register authorities — and several
other departments could be unified under the umbrella of analytics.
This unified data could be integrated with the central beneficiary and financial databases for effective dissemination of
beneficiary schemes as well as citizen services.
Moreover, open data from the Internet could also be unified for extracting comprehensive insights. Also, public private
partnership model - as seen in passport seva - may help in efficient service delivery to citizens.
Privacy concerns
Neel Ratan, Leader, G&PS, wrote
Opening up the data to PSUs, system integrators, NGOs or other organisations in the social sector could pose risks of
a column in Hindu Business Line
http://www.thehindubusinessline.com/portfolio/macro-view/the-road-to-datadriven-go... 31/08/2016
on ‘Analytics for Governance’
http://www.thehindubusinessline.com/portfolio/macro-view/the-
road-to-datadriven- governance/article8721168.ece
 Column: Taxing government services - The Financial Express Page 1 of 8

Home / Fe columnist

Column: Taxing government services

By: Anita Rastogi | Published: April 22, 2016 6:20 AM

0 0 G+ 0

With the announcement of Budget FY17, the department of revenue sought to

expand the scope of taxable services in line with the proposed Goods and
Services tax (GST). One such service proposed to be taxed was the services
provided by the government or local authority to business entities, with
A long haul - The Financial Express Page 1 of 8
effect from April 1, 2016. Various concerns were raised across the board to
clearly understand what is to be taxed. For the sectors which largely deal
with government such as infrastructure, oil and gas, mining and exploration,
 it was very crucial considering that the tax was on reverse charge
methodology—the business entities receiving the services from government
Home / Fe columnist
or local bodies had to comply with the payment of tax to the department.
A long haul
By: Kanchun Kaushal | Published: April 7, 2016 12:44 AM Another proposal in the Budget was that assignment of the right to use the
radio frequency spectrum and subsequent transfers thereof was considered
0 0 G+ 0
as a declared service. This impacted the telecom sector.
Has the power of the Income Tax Appellate Tribunal to extend stay beyond
365 days been restored? The anomaly in the law was created when an Recently, the Central Board of Excise and Customs (CBEC) has clarified on

amendment was brought to the third proviso of Section 254(2A) of the various aspects. The clarification states that any activity undertaken by the

Income Tax Act, 1961 vide Finance Act, 2008 which expressly took away the government against a consideration constitutes service, even if such activity

power of the Tribunal to extend stay of demand beyond 365 days “even if the is undertaken as a statutory or mandatory requirement under any law. As

delay in disposing of the appeal is not attributable to the assessee.” long as a payment is made for getting a service in return, it will be regarded
as ‘consideration for service’ and would be taxable. Service tax is also
The said amendment was not only in the teeth of the decision of Bombay applicable on any payment, in lieu of any permission or license granted by
High Court in the case of Narang Overseas Pvt. Ltd. versus ITAT which held the government. Taxes, cesses or duties are not consideration for any service,
that the power to grant stay is inherent or incidental and cannot be defeated and hence, not subject to service tax. These taxes, cesses or duties include
by the provisos to the sub-section. While reading down the third proviso to excise duty, customs duty, service tax, state VAT, central sales tax, income
Section 254(2A), the High Court further held that on good cause being shown
and for reasons not attributable to the assessee, the power lies in the
Tribunal to extend stay of demand.
http://www.financialexpress.com/fe-columnist/column-taxing-government-services/2... 31/08/2016
Instead of redressing the injustice in view of the decision of Bombay High
Court, by virtue of the said amendment the revenue authorities ended up
taking an incongruous step by classifying a bona fide assessee with the ones
Anita Rastogi, Partner,
in default. It not only treated the equals with the unequals but also Indirect Tax, wrote about
overstepped the constitutional mandate particularly violating the principles
enunciated under Article 14 of the Constitution. Taxing Government Services
As a consequence of the ambiguity and inequality created by the said http://www.financialexpress.com/article/fe-columnist/
amendment, there emerged divergent views from different High Courts. In column-taxing-government-services/241168/
CIT versus Maruti Suzuki (India) Ltd., the Division Bench of Delhi High Court
while respecting the Legislative edict did not examine the constitutionality of

http://www.financialexpress.com/fe-columnist/a-long-haul/233456/ 31/08/2016

Kanchun Kaushal, Partner,

Tax wrote on litigation
http://www.financialexpress.com/article/fe-columnist/a-
long-haul/233456/

Alumni Volume 10 71
Thought
leadership
publications

PwC 72
 Contents
Foreword p2/ Message from PwC p3/ The coal sector in India: Target FY 2020 p4/ Scenario estimation
vis-à-vis targets p10/ Outlook of coal demand and imports till FY 2020 p16/ Essentials for coal sector
augmentation p21/ The way forward for the coal sector p29
Contents
Chairman’s message p3/ Message from PwC p5/ PwC outlook 2016 p6/ What is fintech? p7/
Fintech: Why now? p9/ How customers are shaping the fintech landscape p12/ Strike zones and
their impact on normal business in banking p14/ Fintegration p20 / About CII p21 / About PwC p22

Bridging the gap

Increasing coal production and
Fintech: Redef ining
sector augmentation
banking for customers
June 2016
Decade edition of CII BANKing TECH Summit 2016

Contents
Chairman’s message p3/ Message from PwC p5/ PwC outlook 2016 p6/ What is fintech? p7/
Fintech: Why now? p9/ How customers are shaping the fintech landscape p12/ Strike zones and
their impact on normal business in banking p14/ Fintegration p20 / About CII p21 / About PwC p22

www.pwc.in www.pwc.in

Bridging the Gap: Increasing Fintech: Redefining

Coal Production and Banking for Customers
Sector Augmentation This report appraises the
This report, launched at the 8th development of new technologies
India Coal Summit in New Delhi, and offerings by fintech in the
presents the various scenarios of banking space, the adoption of these
domestic coal production vis-à-vis emerging technologies and the
the target set by the ministry for impact that fintech has had on the
FY 2020. financial services sector. The report
Contact person: Kameswara Rao, also presents the key findings of the
Leader, Energy, Utilities and CII-PwC Banking Tech Survey 2016.
Mining Contact person: Vivek Belgavi,
kameswara.rao@in.pwc.com Leader, FinTech and Financial
(http://www.pwc.in/publications/2016/ Services Technology
bridging-the-gap-increasing- vivek.belgavi@in.pwc.com
coal-production-and-sector- (http://www.pwc.in/publications/2016/
augmentation.html) fintech-redefining-banking-
for-customers.html)

Alumni Volume 10 73
 Contents
Foreword p2/ Analytics as a lever for profitability p4/ Retail analytics framework p5/
Merchandising analytics p6/ Marketing analytics p7/ Supply chain analytics p9/ Store
operation analytics p10/ Adoption of analytics p11 PwC’s Physical
Security
Environment
Driving retail growth by Survey 2016
leveraging analytics The evolving landscape
of the physical security
function in India

www.pwc.in

Driving Retail Growth by PwC’s Physical Security

Leveraging Analytics Environment Survey 2016
This report will explore how data The report examines the recent trends
analytics, when integrated into and developments in the domain of
loyalty programmes, pricing strategy, physical security in India and assess
marketing analysis, space planning, the key challenges and issues faced by
and innovation, can be effectively Indian security professionals.
used for profitable growth. Contact person: Dinesh Anand,
Contact person:Anurag Mathur, Partner and Leader, Forensic services
Leader, Retail and Consumer dinesh.anand@in.pwc.com
anurag.mathur@in.pwc.com (http://www.pwc.in/publications/2016/
(http://www.pwc.in/publications/2016/ pwc-physical-security-environment-
driving-retail-growth-by- survey-2016.html)
leveraging-analytics.html)

PwC 74

pwc.in
India’s new
real estate and
infrastructure trusts
The way forward
India’s New Real Estate and
Infrastructure Trusts: The Way
Forward
The report aims to provide an
overview of the market for REITs
and InvITs in India, and the benefits
that accrue to various stakeholders
by investing in these investment
vehicles.
Contact person: Abhishek Goenka,
Partner and Leader, Real Estate Tax
abhishek.goenka@in.pwc.com
(http://www.pwc.in/
publications/2016/indias-new-
real-estate-and-infrastructure-
trusts-the-way-forward.html)
Contents
Foreword p3 / Introduction p4 / Hydropower as a sustainable energy source p5
Hydropower development roadblocks p9 / Critical success factors p13
Hydropower @ Crossroads
www.pwc.in
Hydropower @ Crossroads
This report takes stock of the
current state of hydropower
development in India and suggest
a roadmap to accelerate it in the
future.
Contact person: Yogesh Daruka,
Partner, Energy, Utilities and
Mining yogesh.daruka@
in.pwc.com
(http://www.pwc.in/publications/2016/
hydropower-at-crossroads-
pwc-assocham-report.html)
Alumni Volume 10 75

Contents
Executive summary p4/ Issues in the current regime p6/ Overview of GST p16/
GST: Impact on online marketplaces and recommendations p19/Looking forward:
Proposed compliances p27
Contents
Foreword p2/ Background p3/ Report outline p5/ Report highlights p7/ Objectives and effectiveness p8/
Impediments p10 / Structural aspects p14/ Approach to change p18/ Conclusion p22

Impact of GST on online

Performance management in India
marketplaces A change beckons

www.pwc.in www.pwc.in

Impact of GST on Online Performance Management in

Marketplaces India: A Change Beckons
This report explores the current This report is based on a study that
status of GST and the proposed aims to better explore, understand
changes after its implementation. and analyse the evolving contours of
Further, it highlights the performance management in India.
opportunities and issues that need to It summarises our findings from
be addressed from the perspective of an industry survey and multiple
online marketplaces. discussions with industry leaders.
Contact person:Sandeep Ladda, Contact person: Padmaja
Leader, Technology and E-commerce Alaganandan, Partner, People
sandeep.ladda@in.pwc.com and Organisation padmaja.
(http://www.pwc.in/publications/2016/ alaganandan@in.pwc.com
impact-of-gst-on-online- (http://www.pwc.in/publications/2016/
marketplaces.html) performance-management-in-
india-a-change-beckons.html)

PwC 76
 Contents Global Economic Crime Survey 2016
Foreword P2/ Message from ASSOCHAM P4/ NBFC market context P6/ Alternative credit
scoring P8/ NBFC Regulations P15 / Recent trends in funding sources for NBFCs P23

Non-Banking Finance PwC’s Global Economic

Companies: Crime Survey 2016
The Changing An India perspective
Landscape
31%
of the respondents in
India have experienced
economic crime in the last
two years

56%
of the Indian respondents
perceived an increased risk
of cybercrime over the past
two years

61%
of economic crimes in
India are committed by
employees within an
organisation

www.pwc.in/consulting/forensic-services
www.pwc.in

Non-Banking Finance Pwc’s Global Economic Crime

Companies: The Changing Survey 2016: India Edition
Landscape PwC’s Global The survey is one of the most
Economic Crime Survey 2016: comprehensive studies of economic
India Edition crime in the business world. This
This report presents an analysis year, we received more than 6,000
of various alternate credit scoring responses from around the globe.
methodologies and their feasibility in Contact person: Dinesh Anand,
the Indian context. Partner and Leader, Forensic
Contact person: Hemant Jhajhria, services dinesh.anand@in.pwc.
Partner, Consulting hemant. com
jhajhria@in.pwc.com (http://www.pwc.in/publications/2016/)
(http://www.pwc.in/publications/2016/
non-banking-finance-companies-
the-changing-landscape.html)

Alumni Volume 10 77
Stay tuned
Help us reach out to you!
Please register your contact details
and update your profile by visiting our
alumni webpage at: http://www.pwc.in/
alumni/your-alumni-profile.jhtml.
You can refer this page to your ex- colleagues
and friends from PwC, incase we missed them.
To know the latest discussions, updates and
events on alumni, make sure that you are a
member of the Linkedin PwC Alumni Group.
The Linkedin group will be the main
social network platform for the alumni to
connect with each other and the firm.

Regional Managing Partners

North
Neel Ratan
Email: neel.ratan@in.pwc.com

West
Ketan Dalal
Email: ketan.dalal@in.pwc.com

South
Pradip Kanakia
Email: pradip.kanakia@in.pwc.com

East
Avijit Mukerji
Email: avijit.mukerji@in.pwc.com

PwC 78
About PwC
At PwC, our purpose is to build trust in society and
solve important problems. We’re a network of firms
in 157 countries with more than 208,000 people who
are committed to delivering quality in assurance,
advisory and tax services. Find out more and tell us
what matters to you by visiting us at www.pwc.com.
In India, PwC has offices in these cities: Ahmedabad,
Bangalore, Chennai, Delhi NCR, Hyderabad, Kolkata,
Mumbai and Pune. For more information about PwC
India’s service offerings, visit www.pwc.com/in
PwC refers to the PwC International network and/
or one or more of its member firms, each of which is
a separate, independent and distinct legal entity
in separate lines of service. Please see www.
pwc.com/structure for further details.
©2015 PwC. All rights reserved

Alumni Volume 10 79
pwc.in
Data Classification: DC0
This document does not constitute professional advice. The information in this document has been obtained or derived from sources believed by
PricewaterhouseCoopers Private Limited (PwCPL) to be reliable but PwCPL does not represent that this information is accurate or complete. Any opinions or estimates
contained in this document represent the judgment of PwCPL at this time and are subject to change without notice. Readers of this publication are advised to seek their
own professional advice before taking any course of action or decision, for which they are entirely responsible, based on the contents of this publication. PwCPL neither
accepts or assumes any responsibility or liability to any reader of this publication in respect of the information contained within it or for any decisions readers may take or
decide not to or fail to take.
© 2016 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Private Limited (a limited liability
company in India having Corporate Identity Number or CIN : U74140WB1983PTC036093), which is a member firm of PricewaterhouseCoopers International Limited
(PwCIL), each member firm of which is a separate legal entity.
CT/August2016-